Governance

Summary

On January 21, 2017, the President Sheikh Khalifa bin Zayed Al Nahyan, the ruler of Abu Dhabi, issued a law creating the Mubadala Investment Company, a company wholly-owned by the government of Abu Dhabi. Mubadala Investment Company is the parent entity of both the International Petroleum Investment Company (IPIC) and Mubadala Development Company and their respective assets. The 2017 law had formalized the June 29, 2016 announcement that IPIC and Mubadala Development agreed to merge.